Palm Beach is heating up

PALM Beach is coming into its own with strong price growth, growing amenities and luxury apartments asking upwards of $1.695 million.

ONE Palm Beach, by the Velocity Property Group and marketed by Scott Wagner from Ray White Mermaid Beach, has already sold four apartments with a starting price of $1.695 million confirming recent predictions by Herron Todd White that Palm Beach is a hot suburb to watch on the Gold Coast.

According to CoreLogic the suburb has seen strong price growth with a 38 per cent median house price jump in the last five years and coupled with a growing number of amenities, it is proving to be the new place to watch.Velocity Property Group managing director Brendon Ansell said the absolute beachfront location of the 16 luxury apartments plus one penthouse, dictated their design, with most featuring sunset as well as oceanfront decks.

ONE Palm Beach is a luxury apartment development asking upwards of $1,695,000 per apartment.

“We specialise in creating homes that not only make the most of their location, but that also positively change the dynamic of the community into which our new developments go,” Mr Ansell said.

“In this unique spot at Palm Beach, we have created apartments that showcase stunning ocean views from all of the living and master bedroom spaces and we have also incorporated sunset decks for residents to delight in the beautiful sunsets over the Hinterland to specifically cater to owner-occupiers who want to live in and love this Palm Beach community.”

The apartments only have one neighbour each, are three or four-bedrooms and at least two bathrooms with most also featuring separate media rooms and front and rear balconies and all with car parking spaces.

“Part of the Velocity Property Group hallmark is to maximise space in the living and balcony areas of our apartments where people spend most of their time,” Mr Ansell said. “To do this we take space from common areas that have traditionally used a lot of square meterage, such as the lobby.

“At ONE Palm Beach we have reduced the lobby size but made it beautiful and functional with a full green wall that will clean the interior air space and act as a soundproof barrier when people are moving through the space to the pool and from the entry.”

ONE Palm Beach is a luxury apartment development asking upwards of $1,695,000 per apartment.

There are only two apartments per level and one penthouse with 360 degree views. Mr Ansell said the penthouse would be spectacular not just for its size, views and opulent features but because of its ideal elevation. “The 466sq m Grand Penthouse is eight levels up so it is at optimal height for absolute beachfront views, breezes and living,” he said.

“It features four bedrooms including an exquisite master bedroom, walk in robe and master bath suite, four bathrooms, a powder room, two living areas including a spectacular fireplace in one of them, plus a huge media room that opens onto a spacious sunset deck.”

Other amenities at the complex include a beach yoga deck; solar and power wall energy storage facilities to minimise electricity costs; and a beautiful pool positioned street side to maximise all weather enjoyment when you live on absolute beachfront.

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